Remove 2015 Remove Accounting Remove Promotions Remove Retail Trends
article thumbnail

Nordstrom Leaves Canada, 9 Reasons Why

Indigo 9 Digital

It joins a slew of American retailers that came to Canada but decided not to stay. The most famous exit of all time is when Target abandoned 133 stores in 2015 after failing to make the model work after only two years in Canada. This has resulted in many luxury brands lessening their reliance on wholesale accounts like Nordstrom.

Apparel 97
article thumbnail

Introducing 20 RangeMe Brands Fast-Tracked Into KeHE’s DIVERSEtrade™ Program

Rangeme

In 2015, Carol Vanegas-Schuster, CEO of Got Paella LLC, a first-generation Latina college graduate, and her husband Ben, born of German parents and raised in Spain, started their dream business. With the arrival of COVID, they lost 90 percent of their revenue, and 60 percent of their accounts would not reopen or had to cut back.

article thumbnail

Myth or Truth: Is Brick & Mortar Actually Dying?

Rangeme

stores closed in 2020 as the e-commerce, pandemic changed retail forever. In 2020, e-commerce accounted for 19.6% retail sales, nearly double the 2015 figure of 10.7%. A decade in review: Ecommerce sales vs. total retail sales 2011-2020. A record 12,200 U.S. January 7, 2021. of total U.S. 14 Young, Jessica.